When it comes to providing cloud professional services, Accenture (News - Alert) is being ranked at the top of the pack. The company, which offers global management consulting, technology services and outsourcing, was named a leader in IDC’s (News - Alert) new “MarketScape: Worldwide Cloud Professional Services 2013 Vendor Analysis” report.
The report, the first of its kind from IDC, offers assessments of 13 cloud professional services providers based on approximately 50 quantitative and qualitative characteristics. The framework for assessment examines factors expected to determine success in the market over both the short term and the long term.
Accenture was ranked as a leader, followed closely by IBM (News - Alert). A number of other service providers included in the report were described as “Major Players” in the space, including Infosys, PwC, Fujitsi, CSC, Microsoft, Dimension Data (News - Alert), Wipro, Cisco and HP.
IDC classifies cloud professional services as one of the largest segments of the services market, and one that is growing exponentially. The market was worth approximately $9.6 billion in 2013 and has a projected five-year CAGR of 24.8 percent. And that’s only a tiny portion of the overall cloud computing market, which is set to reach $150 billion by 2014, according to a new report from Awesome Cloud.
That growth can be attributed to market “leaders” like Accenture who are investing heavily in the cloud. In fact, the company recently announced a $400 million investment that will span three years. IBM has been investing heavily in the cloud as well, and last month announced a new $8 million cloud data center in Peru that will focus on offering big data analytics.
IDC conducted a buyer perception survey as part of the foundation of the report. According to clients, Accenture was found to be strong in its ability to handle changes in product scope and also for the presence of local offices and resources. The company also performed solidly in providing functional insights and competence.
"Accenture uses deep industry knowledge, ecosystem relationships and experience as a service integrator and outsourcer to create differentiated solutions that address clients' unique issues," noted IDC in the MarketScape report.
The company has experience working on more than 6,000 cloud computing projects, which include more than 60 percent of the Fortune Global 100. Accenture also employs around 8,500 professionals trained in cloud computing.
Just yesterday, the company announced a multi-year agreement signed in April with Hostess Brands, LLC to design and implement a new operating model and business processes. Accenture is also delivering end-to-end IT transformation to Hostess, which was instrumental in helping the company relaunch its world famous Twinkies and get them back on store shelves.